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The US Trade Representative confirmed 10% tariffs on a range of Chinese products, including meat-based animal feed, dead animals unfit for human consumption and some pig meat, effective 24 September and rising to 25% on 1 January. China announced retaliatory duties on US meat exports from the same date, some higher than US rates.
Tit-for-tat duties on meat and meat-based feed inputs disrupt export flows and could weigh on US meat-by-product demand and related feed ingredient prices.
foodnavigator.comAidan FortuneSep 19, 2018Not enough comparable past events yet for a historical read.
After 121 past bearish trade events, Live Cattle moved a median -0.6% over 5 sessions (40% higher; middle half -1.6% to +0.8%), and -0.3% over 20.
After 123 past bearish trade events, Lean Hogs moved a median -0.4% over 5 sessions (43% higher; middle half -2.9% to +2.0%), and -0.2% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
